Gazprom approves Vladivostok LNG investment

Gazprom’s management committee has approved investment in the Vladivostok LNG export project in Russia.

The LNG plant, to have three trains with capacities of 5 million tonnes/year each, is part of Gazprom’s Eastern Gas Program integrating field development and transportation projects (OGJ Online, Nov. 1, 2012). The plant will be built on the Lomonosov Peninsula in Perevoznaya Bay.

The first Vladivostok train is to start up in 2018, receiving gas from the Sakhalin, Yakutia, and Irkutsk production centers. Target markets are in the Asia-Pacific region.

Gazprom said the LNG development plan includes establishment of a special-purpose company and the start of negotiations with LNG purchasers.

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